VIDEO: After High School: Your Legal Packing List
Many families are not aware of important legal issues that affect their 18 to 21-year-old children. Parents often, and understandably, continue to see these young adults as “kids,” even though they are considered adults in the eyes of the law for most purposes. Parents no longer have the same access to information or control over their children after age 18. Proper planning for the legal issues that arise with an 18 to 21-year-old child can help avoid problems later.
What should parents and young adults consider?
- Durable Power of Attorney
- Health Care Proxy and HIPAA Authorization
- Will and Trust Investments
- Disclosure of Information / Waivers / Family Educational Rights and Privacy Act (FERPA)
- Insurance
When Your Child Turns 18: A Checklist of Legal Documents for Parents and Young Adults
Many families are not aware of important legal issues that affect their 18 to 21-year-old children. Parents often, and understandably, continue to see these young adults as “kids,” even though they are considered adults in the eyes of the law for most purposes. Parents no longer have the same access to information or control over their children after age 18. Proper planning for the legal issues that arise with an 18 to 21-year-old child can help avoid problems later. So, what should parents and young adults consider?
Sarah M. Waelchli
Sarah M. Waelchli works with families and individuals in the areas of estate planning, wealth management, probate, and trust administration.